The Philippine Stock Exchange posted record earnings in 2021 on the back of record initial pubic offerings.
The PSE said in a statement net income in 2021 reached P919.48 million, up 40 percent from P656.81 million in 2020. Operating revenues climbed 25.3 percent to P1.65 billion.
“Our good financial position allowed us to pay a total of Php 11.00 per share in regular and special cash dividends early this month. This year’s total cash dividend distributed is the highest amount ever paid to PSE stockholders,” said PSE president and chief executive Ramon Monzon.
Listing-related fees rose 28.3 percent, boosted by the largest IPO in PSE’s history, as well as seven other IPOs, 11 follow-on offerings, four stock rights offerings and seven private placements, among others.
Trading-related fees increased 15.2 percent while service fees grew 26.1 percent.